The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC trimmed its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,971 shares of the technology company’s stock after selling 209 shares during the period. HHM Wealth Advisors LLC’s holdings in Trade Desk were worth $702,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Harbor Investment Advisory LLC grew its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk in the fourth quarter valued at about $35,000. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at approximately $34,000. Avior Wealth Management LLC increased its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JMP Securities initiated coverage on Trade Desk in a research report on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 price target for the company. Robert W. Baird lifted their price objective on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Oppenheimer upped their target price on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 553,982 shares of company stock valued at $68,954,147. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $118.68 on Monday. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53. The company has a market capitalization of $58.58 billion, a price-to-earnings ratio of 194.56, a PEG ratio of 3.75 and a beta of 1.45. The business has a 50-day moving average of $125.48 and a 200-day moving average of $114.40.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same quarter in the prior year, the company earned $0.08 EPS. Research analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.